
Live cattle futures are down $1.75 to 2.80 so far on Thursday. Cash trade has been slow this week, with a few early sales at $229 and KS bids this morning at $227. Dressed northern sales have been $358 and $228 live on a few heifers. The Thursday Fed Cattle Exchange online auction showed no sales on the 1,708 head listed and bids of $225-226.50 live and $350.50 dressed. Feeder cattle futures are$2.20 to $2.75 in the red so far at midday. The CME feeder cattle index from December 16 was up 94 cents from the day prior at $349.79.
Weekly Export Sales data showed just 1,908 MT of beef sold for 2025 delivery in the week ending on 11/27, with 12,087 MT for 2026. Export shipments were 10,869 MT during that week, a 3-week low.